Buy signal generated by the rise of two today by the BPNDX from 30 to 32. I post this not because I am sure of this signal but because it is possible that this could be a good buy signal.
BPNDX, BPCOMPQ, VXO, VIX, VXN vs. SOX on 3 year daily charts. Low readings on the BP Indices plus 6% reversals theoretically show buy opportunities for the SOX. The reverse is true for market tops. The volatility indices move in an inverse relationship to the SOX. Look for spikes higher in fear indices (volatility) to mark market bottoms while market tops are more difficult to time:
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